IEA Warns Of A Spike In Energy Prices This Winter

Energy prices could spike again this winter, the head of the International Energy Agency has warned. Speaking to the BBC, Fatih Birol said that if China’s economic recovery from the pandemic accelerated later this year and the winter in the northern hemisphere was harsher than last year’s, prices would rise. If that happens, governments would need to step in again and subsidize energy consumption, he said. "In a scenario where the Chinese economy is very strong, buys a lot of energy from the markets, and we have a harsh winter, we may…